The rate of return on a whole life insurance policy is very low compared to other investments, even with the tax savings factored in.
Whole Life InsuranceSo, a whole life insurance policy is guaranteed to pay your beneficiary the face amount if you die, or to pay you the face amount if you live to age 100!
Life Insurance InformationWhole life insurance policies provide lifelong protection and are known by a variety of names: Legal Notice Whole Life Insurance Policy Information.